The Marzetti Company (MZTI)
Number of days of payables
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 12.32 | 12.12 | 12.83 | 11.49 | 9.79 | |
| Number of days of payables | days | 29.62 | 30.13 | 28.45 | 31.78 | 37.28 |
June 30, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.32
= 29.62
The analysis of The Marzetti Company's number of days of payables over the specified period indicates a trend of decreasing days payable from June 30, 2021, through June 30, 2023, followed by a slight increase in 2024, and a marginal decrease again in 2025. Specifically, the days payable decreased from 37.28 days in 2021 to 31.78 days in 2022, reflecting a shortening of the period the company takes to settle its payables. This reduction continued into 2023, reaching 28.45 days, which suggests an improvement in the company's ability or willingness to pay its suppliers more promptly. In 2024, the days payable slightly increased to 30.13 days, indicating a modest extension in payment period, possibly reflecting changes in supplier terms, cash flow management strategies, or operational considerations. By 2025, the days payable decreased again to 29.62 days, approaching the earlier levels observed in 2024 but remaining below the 2021 figure. Overall, the company's accounts payable turnover has shown a trend of becoming more rapid initially, with a slight fluctuation in subsequent years, highlighting adjustments in credit management practices over this period.
Peer comparison
Jun 30, 2025